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Indian Management Simulation Challenge

What is Indian Management Simulation Challenge?

Indian Management Simulation Challenge is a National Championship where participants are exposed to the challenges of Managing Business Enterprise in a competitive environment. The competition will enable participants to experience the thrill of business intricacies and learn how to react to them. Time is compressed so that years of simulated time can be condensed into days or even hours. The competition will allow other competitors to outperform each other & challenge the power of cross functional operations, team working, business acumen & decision making. The IMC allow the participants to learn how to cope up with complex challenges with building capability of managing competition in ever changing business scenario.

Objectives of the Simulation Challenge

Change

• Understand the change process and identify their place in it
• Understand the basic levers of change and how to use them on the job.

Organizational Effectiveness

• Understand the keys to organizational success, as determined by research into successful companies.
• Understand how to diagnose an organization’s effectiveness, and apply that knowledge in real life challenges

Profitability

• Understand what factors impact profitability in a firm, and diagnose the profitability problems
• Understand the difference between leading and lagging indicators so they can effectively measure progress toward successful implementation of strategy.

Teams

• Understand what makes an effective team and how to measure team effectiveness.
• Develop better understanding of team effectiveness by monitoring and discussing their own effectiveness as a team.

Strategy

• Understand the basic concepts of leading strategic thinkers and how to apply them to business units or enterprise.
• Learn what alignment with strategy really means by planning the implementation of their strategy.

Key Takeaways and Learning's

• Appreciate strategic issues and better understand organizational dynamics.
• Align with their own organization’s strategy and change initiatives.
• Comprehend your organization’s strategy and implementation challenges.
• See the big picture and better understand their role in it.

Eligibility

• A team comprise of 3-4 members
• Participants from PSU's and Private Sector
• Academicians & Entrepreneurs are also welcome.
• No cross-corporate teams are allowed.
• Also, Organisation can nominate multiple Teams.

INDIAN MANAGEMENT SIMULATION CHELLENGE (IMC) 2014

With an amazing response of more than 40 teams (3-4 participants per team) from PAN India National HRD Network (NHRDN) is pleased to share the success of NHRDN 1st Indian Management Simulation Challenge 2014.

The Simulation challenge was extremely interesting and evoked a lot of response and interaction from the participants. The Competition by all counts was a grand success we owe it to each Participant and the following Organizations:

The distance organizations need to travel from ‘Good’ to ‘Great’ depends a lot on their ability to deliver sustained business performance that creates a win-win for all key stakeholders. A key enabler to this is a robust Performance Management system that motivates employees to take stretch goals and reward them for the meaningful contributions.

Planning for talent – quality and quantity – and then attracting them is one of the constant challenges HR professionals face in today’s War for Talent. Does your organization have a formal manpower planning process? What are the recruitment channels you use most frequently? What recruitment metrics are used by organizations?